Japan's manufacturing sector grew for the seventh consecutive month in December the country's PMI revealed on Monday, despite the economy falling into a surprise recession in the third quarter of 2014.
The expansion was bolstered by new orders both at home and abroad. New export orders rose for a sixth month in a row in December. The final Markit/JMMA Japan Manufacturing Purchasing Managers Index (PMI)recorded 52.0 in December, slightly less than a preliminary reading of 52.1 and unchanged from the last reading in November. Manufacturing output…
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